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Dr. Reitzes specializes in providing economic analysis, damage estimates, and testimony for antitrust litigation, arbitration matters, and other types of litigation.

He also provides expert analysis and testimony in regulatory proceedings involving the energy and transportation sectors before the Federal Energy Regulatory Commission (FERC), state public utility commissions, and the U.S. Department of Transportation.

A former Federal Trade Commission (FTC) economist, Dr. Reitzes has provided economic analyses in litigation and regulatory proceedings in the United States, Canada, Europe, Latin America, and Australia. He has performed analyses on behalf of the European Commission, the Canadian Competition Bureau, and various U.S. government agencies.

On several occasions, Dr. Reitzes has assessed liability and damages in matters of alleged price fixing affecting industries and products as diverse as carpet, cardboard packaging, vitamins, carbon graphite, air transportation, and ocean shipping. He also has provided analyses of “artificial pricing” in cases of alleged market manipulation.

Dr. Reitzes has offered economic assessments of the competitive impacts of horizontal and vertical mergers in presentations to the FTC and the U.S. Department of Justice. He has submitted several economic analyses pursuant to antitrust immunity filings by airline alliances, including those by the oneworld, Star, and SkyTeam alliances.

In addition, Dr. Reitzes has been the independent manager of numerous competitive procurements and sales undertaken by electric power companies, including recent procurements and sales of energy and capacity, transmission capacity rights, and renewable energy credits. In the energy sector, he has provided economic analysis and testimony related to asset valuation, risk management, power procurement strategies, the development of competitive retail power markets, and regulatory strategy.

Dr. Reitzes has written several articles on firm strategies with respect to pricing, quality, R&D investment, and merger behavior, published in leading economic and legal journals such as the ABA Antitrust Law Journal, Antitrust Bulletin, International Economic Review, Journal of International Economics, Journal of Law, Economics, and Organization, Canadian Journal of Economics, Journal of Regulatory Economics, and Review of Network Economics.

Representative Engagements
RFP/Auction design and management
For a municipal power provider that was a partial owner of a power plant in Illinois, designed and managed an RFP process to sell an ownership stake in the plant (or an plant output entitlement) through a long-term PPA agreement.
Design of utility default service and associated procurement policy
For a utility in Pennsylvania, submitted testimony that analyzed alternative methods of obtaining power supplies to satisfy the load requirements of default service customers, and assessed the relationship between default service price structures and the development of competitive retail power markets for residential and commercial customers. Testimony also provided estimates of the magnitude of the “risk premium” embedded in the prices of past auctions to acquire full-requirements power supplies for default service customers.
Alleged price fixing

For a company accused of conspiring to fix the prices of corrugated fiberboard products, led a Brattle team involved in preparing a critique of the opposing expert’s damages analysis. This included performing a regression analysis of alternative pricing specifications, and assessing the sensitivity of plaintiff expert’s analysis to changes in estimation methodology and treatment of data.

Antitrust immunity for an airline alliance
For American Airlines, provided reports to the U.S. Department of Transportation (and U.S. Department of Justice) and the European Commission analyzing the competitive impact of the oneworld alliance’s proposal to receive antitrust immunity. Work included assessments of the potential fare and volume impacts for non-stop and connecting passengers associated with antitrust immunity, which relied on econometric analysis of past alliance-related fare impacts as well as simulation methods.
Airline profit-sharing joint venture
For a foreign antitrust authority, provided an econometric analysis of the likely fare impacts arising from a proposed joint venture, including an analysis of the fare impacts previously associated with entry, exit, and consolidation on the relevant routes. Estimated consumer welfare impacts and deadweight loss associated with the proposed joint venture.
Alleged market manipulation
For the U.S. government, analyzed the pricing impacts arising from an alleged cornering of a major physical commodity market for an oil and gas product. Formulated and estimated an econometric model to identify whether an “artificial price” had resulted from the alleged behavior.
Testimony
Report submitted to the Pennsylvania Public Utility Commission, 2010, as the Independent Procurement Manager for the procurement of Solar Photovoltaic Alternative Energy Credits by Metropolitan Edison Company and Pennsylvania Electric Company, including a description of the RFP process, a benchmarking of procurement prices against both current short-term prices and expected long-term prices for solar credits (based on a proprietary financial model), and the conformity of the procurement to the standards of least-cost procurement provided under Pennsylvania law.
2010
Expert report and testimony before the Public Utility Commission of Ohio (Case No. 08-936-EL-SSO) in 2008 on behalf of Ohio Edison Company, The Cleveland Electric Illuminating Company, and The Toledo Edison Company, regarding the rationale for using an auction process to procure full-requirements electric power supplies for standard-service-offer customers, as well as a description of the responsibilities undertaken by myself and The Brattle Group as manager of that procurement.
2008
Expert reports and testimony before the Pennsylvania Public Utility Commission (Docket Nos. P 2011-2273650, P-2011-2273668, P-2011-2273669, and P-2011-2273670) in 2011 and 2012 on behalf of Metropolitan Edison Company, Pennsylvania Electric Company, Pennsylvania Power Company, and West Penn Power Company, analyzing the Companies’ procurement strategies for supplying default service customers, describing the design of an RFP process for procuring solar photovoltaic alternative energy credits (and the management of that process by myself and The Brattle Group), and proposing an auction process for outsourcing the provision of generation service for time-of-use customers.
2008 - 2009
Expert Report on behalf of American Airlines in a Proceeding before the Department of Transportation regarding the Joint Application of Alitalia, Czech Airlines, Delta Air Lines, KLM, Northwest Airlines and Societe Air France for Approval of an Antitrust Immunity for Alliance Agreements
Kevin Neels, James D. Reitzes, and Dorothy Robyn
Expert report June 24, 2005, Reply, July 15, 2005, Surreply, September 9, 2005
Testimony before the Advisory Commission on Conferences in Ocean Shipping relating to an econometric analysis of the determinants of ocean freight rates, and the conclusions of that study with respect to the existence of market power in ocean shipping
1991
Report submitted to the Pennsylvania Public Utility Commission in 2010 as the Independent Procurement Manager for the procurement of solar photovoltaic alternative energy credits by Metropolitan Edison Company and Pennsylvania Electric Company, including a description of the RFP process, the benchmarking of procurement prices against both current short-term prices and expected long-term prices for solar credits (based on a proprietary financial model), and the conformity of the procurement to the standards of least-cost procurement provided under Pennsylvania law.
Various expert reports submitted to the U.S. Department of Transportation (Docket No. OST-2008-0252) and the European Commission between 2008 and 2010 describing the competitive impact of the proposal by the oneworld alliance to receive antitrust immunity, including various assessments of the impact on non-stop and connecting passengers that relied on econometric analysis of airline fare data and other empirical methods.
2008 - 2010
Expert reports submitted to the U.S. Department of Transportation (Docket No. OST-2005-22922) in 2006 regarding the competitive impact of the proposed Star Alliance expansion to include LOT and Swiss Airlines and expand antitrust immunity between Air Canada and United Airlines.
Expert report submitted to the Federal Energy Regulatory Commission (Docket No. EC05-43-000) in 2005 regarding the competitive impact of the proposed merger of Exelon Corporation and Public Service Enterprise Group and the mitigation measures offered by the parties.
Expert reports submitted to the U.S. Department of Transportation (Docket No. OST-2004-19214) in 2004 and 2005 regarding the competitive impact of a proposed expansion in the membership and integration of the SkyTeam alliance.
Expert report submitted to the European Court of First Instance on behalf of the European Commission relating to the Petition of the Transatlantic Agreement to Annul the Commission's Decision of October 19, 1994. Report included a rebuttal of the expert economic analysis offered by the members of the Transatlantic Agreement in support of their collective restrictions on capacity utilization and their coordinated activity in setting certain types of freight rates.
Publications
Report
International Experiences in Retail Electricity Markets: Consumer Issues
June 2018
Prepared for The Australian Competition and Consumer Commission (ACCC)

The Brattle Group was commissioned to write a paper on retail electric markets for the Australian Competition & Consumer Commission (ACCC).

Article
Proposal to Remedy Horizontal Shareholding is Flawed
July 18, 2017
Published in Law360

This article evaluates a proposed remedy that would allow investors to hold shares in one company in a concentrated industry, or limit their shareholdings to no more than one percent of the industry.

Report
Comments of Drs. Romkaew Broehm, Jeremy Verlinda, and James Reitzes to the Federal Energy Regulatory Commission Regarding Modifications to Commission Requirements for Review of Transaction Under Section 203 of the Federal Power Act and Market-Based Rate Applications under Section 205 of the Federal Power Act (Docket No. RM16-21-000)
November 28, 2016
Prepared for the Federal Energy Regulatory Commission
The comments offer commentary on four proposed changes by the FERC regarding its horizontal market power review standards for M&A and market-based rate approvals.
Report
Market Power Mitigation Mechanisms for the Wholesale Electricity Market in Western Australia
November 01, 2016
Prepared for the Public Utilities Office of the Government of Western Australia's Department of Finance

The report evaluates mechanisms for mitigating market power in the reformed wholesale energy market scheduled for July 2017 implementation in Western Australia’s South West Interconnect System.

Report
Benefits and Costs of Integration in Transmission/Transportation Networks: An Application to Eastern Australia Gas Markets
August 01, 2016
Prepared for APA Group
The report authored by Brattle economists on behalf of APA Group reviews integration in APA’s pipeline operations in Eastern Australia since the acquisition of Epic Energy in December 2012, and identifies the economic costs and benefits associated with integration.
Report
Competitive Effects of Exchanges or Sales of Airport Landing Slots
August 01, 2014
Published in the Review of Industrial Organization
Report
Canadian Wireless Market Performance and the Potential Effect of an Additional Nationwide Carrier
May 12, 2014
Prepared for The Competition Bureau, Government of Canada
Report
Competitive Effects of Exchanges or Sales of Airport Landing Slots
December 2011
James D. Reitzes, Brendan McVeigh, Nicholas E. Powers, and Samuel Moy
Published by The Brattle Group, Inc.
Report
Comments of Romkaew P. Broehm, Peter S. Fox-Penner, Oliver Grawe, and James Reitzes to the Federal Energy Regulatory Commission Regarding the Analysis of Horizontal Market Power Under the Federal Power Act, Docket No. RM11-14-000
May 23, 2011
Prepared for Federal Energy Regulatory Commission Staff
Report
Generation Cost Savings From Day 1 and Day 2 RTO Market Designs
October 2009
Prepared for COMPETE
Article
Competition for Exclusive Customers: Comparing Equilibrium and Welfare under One-Part and Two-Part Pricing
August 2008
James D. Reitzes and Glenn A. Woroch
Published in Canadian Journal of Economics, Vol. 41, No. 3
Article
Downstream Price-Cap Regulation and Upstream Market Power
April 2008
Published in Journal of Regulatory Economics
Article
International Perspectives on Electricity Market Monitoring and Market Power Mitigation
September 2007
Published in Review of Network Economics
Report
Input-Quality Sabotage and the Welfare Consequences of Parity Rules
January 2007
James D. Reitzes and Glenn A. Woroch
Published by SSRN Working Paper Series
Report
Estimating the Economic "Trade" Value of Increased Transmission Capability
November 2005
James D. Reitzes and Andrew N. Kleit
Published by The Brattle Group, Inc.
Report
Downstream Price-Cap Regulation and Upstream Market Power
October 25, 2005
Published by SSRN Working Paper Series
Article
Dynamic Pricing and Learning in Electricity Markets
March 2005
James D. Reitzes, Alfredo Garcia, and Enrique Campos
Published in Operations Research
Article
Beyond Open Skies: The Economic Impact of a US-EU Open Aviation Area
2005
Boaz Moselle, James D. Reitzes, and Dorothy Robyn
In Deep Integration: How Transatlantic Markets are Leading Globalization, edited by Daniel S. Hamilton and Joseph P. Quinlan, and published by Center for Transatlantic Relations and Center for European Policy Studies
Article
Forward and Spot Prices in Electricity and Gas Markets: Does 'Storability' Matter
October 2004
James D. Reitzes, Adam C. Schumacher, and J. Arnold Quinn
In Obtaining the Best from Regulation and Competition, edited by Michael A. Crew and Menachem Spiegel, and published by Springer
Article
Can Mergers to Monopoly, Price Fixing, and Market-Division Agreements Raise Welfare?
February 2004
James D. Reitzes and Paul S. Clyde
Published in International Journal of the Economics of Business
Report
How Can South Africa Derive the Greatest Benefit from its Airline Industry? An Economic and Regulatory Analysis, Prepared for the Government of South Africa
2004
James D. Reitzes, Dorothy Robyn, and Scott C. Gibson
Published by The Brattle Group, Inc. and Seabury Group, not publicly available at this time
Report
Study to Assess the Potential Impact of Proposed Amendments to Council Regulation 2299/89 with Regard to Computerised Reservation Systems
October 2003
Carlos Lapuerta, Boaz Moselle, James D. Reitzes, Dorothy Robyn, Erica Carere, Mark Armstrong, John Cook, and Stephen Dolan
Published by The Brattle Group Ltd and Norton Rose
Report
The Effectiveness of Dutch Air Transport Policy
December 02, 2002
Published by The Brattle Group, Inc.
Report
The Economic Impact of an EU-US Open Aviation Area, Prepared for the European Commission
December 2002
Boaz Moselle, James D. Reitzes, Dorothy Robyn, and John Horn
Prepared for the European Commission
Article
Designing Standard-Offer Service to Facilitate Electric Retail Restructuring
November 2002
James D. Reitzes, Lisa V. Wood, and J. Arnold Quinn
Published in The Electricity Journal
Report
The Impact on the U.S. Economy of Lifting Restrictions on Travel to Cuba
July 15, 2002
James D. Reitzes, Dorothy Robyn, and Bryan Church
Prepared for the Center for International Policy
Article
Regional Interactions in Electricity Prices in the Eastern United States
2002
James D. Reitzes, Adam C. Schumacher, Gregory L. Leonard, and James G. Bohn
In Markets, Pricing, and Deregulation of Utilities, edited by Michael A. Crew and Joseph C. Shuh, and published by Springer
Article
Strategic Pricing When Electricity Is Storable
2001
James D. Reitzes, A. Garcia, and E. Stacchetti
Published in Journal of Regulatory Economics
Presentation
Strategic Behavior and Power Market Prices
June 23, 2000
Presented to the EPRI Asset and Risk Management Group, Washington, DC
Article
Deregulation and Monitoring of Electric Power Markets
2000
Philip Q Hanser, James D. Reitzes, and Robert L. Earle
Published in The Electricity Journal
Article
Is it Efficient to Impose Costs on Small-Volume Equity Traders?
1999
James D. Reitzes and Paul S. Clyde
Published in International Journal of the Economics of Business
Article
Entry Policy and Entry Subsidies
1999
James D. Reitzes and Oliver R. Grawe
Published in Review of International Economics
Article
Lessons from the First Year of Competition in the California Electricity Market
1999
Philip Q Hanser, James D. Reitzes, Robert L. Earle, and Weldon C. Johnson
Published in The Electricity Journal
Article
Market Power and Collusion in the Ocean Shipping Industry: Is a Bigger Cartel a Better Cartel?
1998
James D. Reitzes and Paul S. Clyde
Published in Economic Inquiry
Article
In the Matter of Weyerhaeuser Company: The Use of the Hold-Separate Order in a Merger with Horizontal and Vertical Effects
May 1997
James D. Reitzes, Robert P. Rogers, and Laurence Schumann
Published in Journal of Regulatory Economics
Article
Price Discrimination and Mergers
May 1995
James D. Reitzes and David T. Levy
Published in Canadian Journal of Economics
Article
The Importance of Localized Competition in the 1992 Merger Guidelines: How Closely Do Merging Firms Compete?
May 1994
James D. Reitzes and David T. Levy
Published in ABA Antitrust Law Journal
Article
Market-Share Quotas
1994
James D. Reitzes and Oliver R. Grawe
Published in Journal of International Economics
Article
Basing-Point Pricing and Incomplete Collusion
January 1993
James D. Reitzes and David T. Levy
Published in Journal of Regional Science
Article
Product Differentiation and the Ability to Collude: Where Being Different Can Be an Advantage
1993
James D. Reitzes and David T. Levy
Published in Antitrust Bulletin
Article
Anticompetitive Effects of Mergers in Markets with Localized Competition
April 1992
James D. Reitzes and David T. Levy
Published in Journal of Law, Economics, and Organization
News & Events
July 12, 2018
Brattle Experts' Report on Retail Electricity Market Design Used by ACCC in Electricity Pricing Report

The Brattle Group was recently commissioned to write a paper on retail electric markets for the Australian Competition & Consumer Commission (ACCC). Brattle’s report discussed policy options for protecting customers and promoting retail competition that have been successfully implemented by other jurisdictions around the world.

April 04, 2018
Brattle to Manage Sale of Transmission Rights from GE's Linden VFT Smart Grid Project

The Brattle Group will manage an open solicitation process for General Electric (GE) to sell transmission rights across GE’s Linden Variable Frequency Transformer (VFT).

January 19, 2018
The Brattle Group Recognized as one of the World's Top Firms for Competition Economics by Global Competition Review

For the 11th consecutive year, The Brattle Group has been named one of the world’s top firms for competition economics by Global Competition Review (GCR).

September 19, 2017
Brattle to Manage Purchase of Solar Photovoltaic Alternative Energy Credits on Behalf of FirstEnergy’s Pennsylvania Utilities

Brattle economists will manage a Request for Proposal (RFP) process to purchase 71,000 Solar Photovoltaic Alternative Energy Certificates (SPAECs) annually over a two-year period on behalf of three of FirstEnergy’s Pennsylvania Utilities, including Pennsylvania Power Company, Pennsylvania Electric Company, and Metropolitan Edison Company.

September 12, 2017
James Reitzes to Present on Cartel Damages Claims During NYSBA Class Action Committee Meeting

James Reitzes, Brattle Principal and head of the firm’s competition practice, will present during the NYSBA Class Action Committee Meeting, taking place on September 12, 2017 from 8:30-9:30 am at Robins Kaplan LLP in New York, NY.

July 18, 2017
Brattle Economists Author Law360 Article on Proposed Remedies to Horizontal Shareholding

Brattle economists Elaine Buckberg, Steven Herscovici, James Reitzes, and Branko Jovanovic have authored a Law360 article addressing claims from recent studies that competition is adversely affected when “institutional investors hold significant shares in multiple firms within a ‘concentrated’ industry.”

January 20, 2017
The Brattle Group Recognized As One Of The World’s Top Firms For Competition Economics By Global Competition Review

For the 10th consecutive year, The Brattle Group has been named one of the world’s top firms for competition economics by Global Competition Review (GCR).

November 01, 2016
Report by Brattle Economists Reviews Market Power Mitigation Mechanisms for Wholesale Electricity Market in Western Australia

A report authored by Brattle economists evaluates mechanisms for mitigating market power in the reformed wholesale energy market scheduled for July 2017 implementation in Western Australia’s South West Interconnect System.

August 23, 2016
Report by Brattle Economists Quantifies Economic Benefits Associated with Natural Gas Pipeline Integration

A new report authored by Brattle economists on behalf of APA Group reviews integration in APA’s pipeline operations in Eastern Australia since the acquisition of Epic Energy in December 2012, and identifies the economic costs and benefits associated with integration.

January 19, 2016
The Brattle Group Recognized as One of The World’s Top Firms For Competition Economics by Global Competition Review

The Brattle Group has been named one of the world’s top firms for competition economics by Global Competition Review (GCR). This is the ninth consecutive year that Brattle has been recognized in GCR’s annual “Economics 21,” an analysis of the world’s leading economic consulting firms.

November 19, 2014
Brattle Assists Metropolitan Edison Company, Pennsylvania Electric Company, and Pennsylvania Power Company to Complete Purchase of Solar Photovoltaic Alternative Energy Credits

Through a competitive bidding process conducted by Brattle economists, FirstEnergy Corp.’s subsidiaries Metropolitan Edison Company, Pennsylvania Electric Company, and Pennsylvania Power Company have successfully solicited contracts for 48,500 Solar Photovoltaic Alternative Energy Credits annually over a two-year period.

September 29, 2014
James Reitzes Testifies in Canadian Radio-television and Telecommunications Commission’s Review of Wholesale Mobile Wireless Services

Brattle principal James Reitzes recently testified on competition in Canadian wireless mobile telecommunications before the Canadian Radio-television and Telecommunications Commission (CRTC). The CRTC hearing is taking place from September 29 through October 3 in Gatineau, QC.

September 24, 2014
Brattle to Manage Purchase of Solar Photovoltaic Alternative Energy Certificates on Behalf of FirstEnergy’s Pennsylvania Utilities

Brattle economists will manage a Request for Proposal (RFP) process to purchase 48,500 Solar Photovoltaic Alternative Energy Certificates (SPAECs) annually over a two-year period on behalf of FirstEnergy’s Pennsylvania Utilities – Penn Power, Penelec, and Metropolitan Edison Company.

August 31, 2014
Brattle Experts’ Article on Competitive Effects of Sales of Airport Landing Slots Published In Review of Industrial Organization

Brattle economists have recently published an article in the Review of Industrial Organization that examines the competitive impacts of exchanges and sales of airport landing slots.